đề kt TCQT
đề kt TCQT
đề kt TCQT
1. The International Monetary System (IMS) has undergone several transformations: (i)
Bimetallism system; (ii) Bretton Woods system; (iii) Classical Gold Standard; (iv)
Interwar period. The chronological order of development of the IMS is
Select one:
2. The Bretton Woods Conference in 1944 resulted in the birth and operation of:
Select one:
b. A system in which members are free to choose their exchange rate regime (1)
c. The currencies of the member countries are freely convertible to gold (3)
3. Suppose the inflation rate in Australia goes up relative to the U.S. inflation rate. What
effect will that have on the supply, demand, and equilibrium exchange rate of the
Australian dollar?
Select one:
a. The supply of Australian dollars will go down, the demand for Australian dollars
will go up, and the Australian dollar will depreciate
d. The supply of Australian dollars will go up, the demand for Australian dollars will
go down, and the Australian dollar will appreciate
c. The supply of Australian dollars will go up, the demand for Australian dollars will
go down, and the Australian dollar will depreciate
d. The supply of Australian dollars will go down, the demand for Australian dollars
will go up, and the Australian dollar will appreciate
Select one:
a. At one point in time, exchange rate is determined by the ratio of the prices of two
baskets of goods in terms of two currencies (2)
b. Identical items in different markets will cost the same when denominated in the
same currency (3)
c. Between two points in time, the exchange rate change is equal to the inflation
difference of the two currencies (1)
5. Which of the following are possible contract periods for forward contracts?
a. 97 days
b. 30 days
O d. 65 dáy
6. An increase in UK interest rates relative to euro interest rates is likely to for euros and
sale the UK demand the supply of euros for
Select one:
a. Reduce; increase
b. Increase; increase
c. Reduce; reduce
d. Increase; reduce
7. Suppose interest rates in Europe increase relative to U.S. interest rates. What effect
will that have on the supply, demand, and equilibrium exchange rate of the euro (€)
Select one:
a. The supply of euros will go down, the demand for euros will go up, and the euro
will appreciate
O b. The supply of euros will go up, the demand for euros will go down, and the euro
will depreciate
O c. The supply of euros will go up, the demand for euros will go down, and the euro
will appreciate
O d. The supply of euros will go down, the demand for euros will go up, and the euro
will depreciate
Clear my choice
8. Tỷ giá giao ngay hiện tại là 0,9260 CHF / USD. Lạm phát dự kiến ở Thụy Sĩ là 1%
trong khi lạm phát kỳ vọng ở Mỹ là 4%. Giả sử rằng PPP được giữ. Tỷ giá giao ngay
kỳ vọng sau một năm là:
A .0,8900CHE / USD
B . 0,9535CHF / USD
C. 0,9538CHF / USD
Select one:
a. Trade barriers
Select one:
Select one:
Select one:
O d. Entering a swap contract to buy spot and sell 6 months forward for EUR
1,500,000
13. The theory implying that the inflation differential between two economies reflects the
difference in nominal interest rates between the two economies is
Select one:
Select one:
Ob downward; immediately
Select one:
Select one:
Select one:
a. Futures contract parties must deposit initial margin and maintenance margin
b. The clearing house determines the profit and loss of the traders on the delivery
days
c. Contract size, delivery day, delivery month and last trading day of future contracts
are standardized
18. Suppose income levels in Australia go up relative to the U.S. levels. What effect will
that have on the supply, demand, and equilibrium price of U.S. dollars?
Select one:
a. The supply of U.S. dollars will go up, the demand for U.S. dollars will go down,
and the U.S. dollar will appreciate
O b. The supply of U.S. dollars will not change, the demand for U.S. dollars will go
up, and the U.S. dollar will appreciate
O c, the supply of U.S. dollars will not change, the demand for U.S. dollars will go
up, and the U.S. dollar will depreciate
e. The supply of U.S. dollars will go up, the demand for U.S. dollars will go down,
and the U.S. dollar will depreciate
19. If inflation in New Zealand suddenly increased while Euro Area inflation stayed the
same, there would be:
Select one:
O a. An outward shift in the demand schedule for NZ$ and an outward shift in the
supply schedule for NZ$.
O b. An outward shift in the demand schedule for NZ$ and an inward shift in the
supply schedule for NZ$.
b. An inward shift in the demand schedule for NZ$ and an outward shift in the
supply schedule for NZ$
O d. An inward shift in the demand schedule for NZ$ and an inward shift in the
supply schedule for NZ$.
Clear my choice
20. Which of the following is NOT a characteristic of the Bretton Woods system:
Select one:
O b. The exchange rate between USD and other currencies is fixed but can be
adjusted in a range of +/- 1%
22. Which of the following are possible contract periods for forward contracts?
Select one:
a. 30 days
b. 97 days
c. 65 dáy
23. The main functions of the International Monetary Fund (IMF) do NOT include
Select one:
Select one:
b. Entering a swap contract in which the company sells spot and buys 3-month
forward for USD3,500,000
Select one:
b. Absolute form
O c. Relative form
c. Numerical form
Clear my choice
27. Currently, the 6-month forward point of GBP is 145-138. Britishcorp (UK) buys 6-
month forward contract for USD 1,128,600. If the spot rate 2 months later is
USD1.5220/GBP, the Britishcorp forward contract will:
Select one:
O a. Unable to determine
O b. Get profit
e. Get loss
28. Which of the following is not a method of forecasting exchange rates?
Select one:
P Đặt cỡ
a. Institutional
b. Technical
c. Fundamental
Od. Market-based
29. If a country experiences high inflation relative to the UK, its exports to the UK should
its imports should and there is pdressure on its currency’s equilibrium value.
Select one:
Select one:
b. Supply decreases, demand does not change, and the exchange rate falls.
Select one:
c. Upward; immediately
d. Downward: immediately
33. Any event that reduces the euro area demand for Japanese yen should result in a(n)
Respect to other things being equal
Select one:
c. Decrease; euro
d. Increase; euro
34. In the value of the Japanese yen with The Bretton Woods Conference in 1944 resulted
in the birth and operation of
Select one:
O b. A system in which members are free to choose their exchange rate regime (1)
b. The currencies of the member countries are freely convertible to gold (3)
Clear my choice
35. If a forecaster predicts the British pound to be $1.70 in one year, but the spot rate of
the pound turns out to be $1.80 in one year, what is the absolute forecast error as a
percentage of realized value?
Select one:
O a. 5.56%
O b.-5.56%
O c. -5.88%
O d. 5.88%
36. If a forecaster predicts the British pound to be $1.70 in one year, but the spot rate of
the pound turns out to be $1.80 in one year, what is the absolute forecast error as a
percentage of realized value?
Select one:
a. 5.56%
b. -5.56%
C.-5.88%
O d. 5.88%
37. Which of the following does NOT explain why PPPs do not actually exist:
P Đặt cỡ
b. Shipping cost
Clear my choice
38. Forecasting involves use of historical exchange rate data to predict future values.
Select one:
c. Fundamental
O market-based
Od technical
39. The Bretton Woods Conference in 1944 resulted in the birth and operation of
Select one:
a. The currencies of the member countries are freely convertible to gold (3)
b. A fixed but adjustable exchange rate system (2)
c. A system in which members are free to choose their exchange rate regime (1)
d. (1) and (3) are correct